Details:

• New orders 17.3 vs 22.2 last month
• Prices Paid 58.6 vs 52.3 last month
• Prices received 22.7 vs 27.6 last month
• Employment 9.3 vs 11.4 last month.
• Average employee workweek 6.9 versus 2.8 last month
• Shipments 11.7 vs 24.4 last month.
• Unfilled orders 15.5 versus 5.0 last month.
• Delivery time 20.6 versus 13.0 last month.
• Inventories -5.2 versus 4.0 last month.
• Supply availability -13.4 versus -10.0 last month

Looking 6 months forward the survey showed:

• General business conditions 32.1 versus 27.9 last month.
• New orders 37.1 versus 33.2 last month.
• Shipments 33.7 versus 30.6 last month
• prices paid 57.7 versus 53.0 last month.
• Prices received 48.7 versus 41.9 last month.
• Employment 28.2 versus 14.4 last month.
• Average employee workweek 1.0 versus 2.0 last month.
• Capital expenditures 16.5 versus 15.0 last month.
• Supply availability -9.3 versus -8.0 last month.
• Inventories 7.2 versus 10.0 last month.
• Delivery time 7.2 versus -4.0 last month.
• Unfilled orders 19.6 versus -3.0 last month

From NY Fed economic research advisor Richard Deitz:

“New York State manufacturing activity increased at its
fastest pace in over four years in August. Employment continued
to pick up modestly. However, delivery times were substantially
longer and supply availability continued to worsen.”

• New orders remained strong at 17.3, while shipments came in at 11.7, signaling solid demand and production.
• Unfilled orders jumped 11 points to 15.5, indicating a growing backlog.
• Delivery times rose sharply to 20.6, suggesting significant delays.
• Inventories declined during the month.
• Supply conditions deteriorated, with the supply availability index falling to -13.4.

Bottom line: New York manufacturing showed strong growth and healthy demand in August, but rising backlogs, longer delivery times, and worsening supply availability point to increasing supply-chain pressures. That was reflective in the Prices Paid index moving higher, although prices received did fall.